9-14-2012: Iraqi Dinar Guru guesses!!!
9-14-2012 Newshound Guru Med I HAVE THOUGHT ABOUT THE RATE COMING OUT THE DOOR AND IT WILL DEPEND ON IF THEY ARE IN A BASKET OR A FLOAT. TO ME A BASKET WILL BE MUCH SMARTER AND MORE STABLE ESPECIALLY UNDER THE CURRENT CIRCUMSTANCES IF SO I EXPECT THEM TO COME OUT BETWEEN .10 AND .35. SHABIBI HAS TO TEST THE WATERS IF HE IS REALLY CONFIDENT AND BELIEVES THE OIL IS ENOUGH PLUS HIS ASSETS THEN MAYBE THE .86. THIS TO ME DEPENDS JUST HOW SERIOUS THE IMF AND WTO WERE IN PUSHING IRAQ ON LINE WITH A EVEN RATE WITH THE USD.
9-14-2012 Intel Guru Hammerman Intel has not changed much. Talabani will probably turn up sooner than expected, in the next 48 hours. I think we still have a chance for an RV about the time the London Conference starts, this is rumor from about 10 high up power players. They are gearing up for something over there. The turmoil happening over there in the Middle East, the civil unrest will not affect us at this point. If they go to a full fledged war in the next 24 – 48 hours there might be a small delay, but I’m being told that is not going to happen. They are trying to get this RV and global reset processed, it is vital to get this done. My sources tell me we are here. [post 1 of 2…stay tuned]
9-14-2012 Newshound Guru Kaperoni I am going to toss out a theory… based on actions within Iraq, and other events. It may be very close to what we will see happen in the near future. I believe the plan always was to release the dinar at a “staging rate” at or about 1 to $1. The issue is, if that was the case, some liability falls on the CBI and Iraq. They must be able to sustain this rate. Remember as much as 10 trillion dinar may have been sold outside the country for what Saleh said, “will be held as a foreign reserve currency..for a very long time.” What that means is that the world’s central banks would in essence be funding the RV. The CBI is caught in a difficult situation. Economically, Iraq needs the RV yesterday. Shabibi has a decision to make. Shabibi can put people back to work, rebuild world class structures, and see his country prosper at least financially from the wealth of the country…But how? [Full theory will be sent out to members…make sure you sign up with us above!!]
9-13-2012 Intel Guru Gary We are seeing a lot of activity. There was a meeting with the UN Security Council in the past and they were going to take them out of Chapter 7 but there were a few things that were still remaining that needed to be fulfilled but I see activity moving us toward the goal, I don’t know if it’s the actual RV. I hope it is, I’m not sure what the trigger point is, but I am sure we are getting closer. There are a number of events that are moving Iraq closer to their goal, to the goal that we need to reach to see this RV.
9-13-2012 Newshound Guru Adam Montana Iran is indeed a major point of concern. At this time, they are just something to keep an eye on. I truly wish our government, the UN, heck – the entire world – would take them as serious as you and I do…luckily they aren’t causing problems at this time. Give Iraq a release from Chapter 7, resolve HCL, let them stand on their own two feet. That is the ONLY way this will ever be resolved.
9-13-2012 Intel Guru Tony A lot of good info out there. The UN meeting and the Finance meeting are taking place at the same time is a good thing. Maliki coming here & let it be known they are going to discuss getting out of Chapter 7 is a good thing. The fact that all financial managers are meeting in England at the same time, discussing the value of Iraq’s economy & the value of their dinar & both put that out on their agendas is a good thing. All of this is scheduled to happen Tuesday and Wednesday of next week. I think that is good thing. The fact that banks were notified this morning…we had a branch manager call that said they got a notice from the corporate office giving them an alert notice for a currency change. This manager never believed in this…I thought that was a good thing. It could happen today, tomorrow, just looking at the positive things.
9-13-2012 Intel Guru Blaino LET’S TALK ABOUT A MAJOR BANK…SOMEWHERE IN THE NORTH WEST…WITH A RECENT NEW HIRE IN THEIR CURRENCY DEPARTMENT…NOT NEW TO THE BUSINESS, NOT NEW TO THE CONCEPT, JUST HIRED TO REPLACE SOMEONE MOVING UP TO A BETTER JOB ! TODAY SEEMED RIGHT TO “DROP IN AND GET INTRODUCED”…AND BEFORE HE CAN MENTION IT SHE ASKS…. “IQD?” HE SMILES…WHY, YES! NOW ALWAYS BEFORE…ALWAYS THE USUAL “WE DON’T, WE WON’T, YOU CANNOT, WE WILL NOT. BUT THIS TIME SHE SAYS… “WELL, WE ARE EXPECTING IT TO REVALUE FAIRLY SOON!!!! FAIRLY SOON!!!! YES, YOU READ THAT RIGHT! AND THEN…”IT WAS SUPPOSED TO HAVE HAPPENED ALREADY!” WE ARE GETTING FAR MORE CLARITY AND SUPPORT FROM THE BANKS THAN EVEN A FEW WEEKS AGO.
9-13-2012 Newshound/Intel Guru BGG Article: “Maliki stresses protection measures for fear of an assassination attempt and transferred his headquarters and his family” I have – in fact, been hearing some chatter leaning this direction. I don’t know how serious this talk is, but it appears Maliki is hearing the same thing. Looks like he’s “bunkering up”.
9-13-2012 Newshound Guru Vic1 NO…WORRIES, WE ARE LOOKING VERY GOOD… I CARE NOT OF THE QE3!!! THAT IS…AS SOME LIKE TO CALL IT, SMOKE AND MIRRORS! GO GET ‘EM …SHABIBI!!!
9-13-2012 Newshound Guru Adam Montana ALL of the news that comes out of Iraq must be questioned. …we have two very conflicting articles on Iraq’s potential with the HCL – one very poor, one very good, and BOTH come from reputable sources! With that said, I try to read as much as possible, take it all with a grain of salt, and form my opinions based on what I believe to be accurate…
9-13-2012 Newshound/Intel Guru BGG Article: “Urgent…A new oil law” They are getting very serious about getting a true, revised, HCL law in place. Great news for all investors.
9-13-2012 Intel Guru BOBGETZ6 I do not believe in a low rate coming out. It will not sustain their budget unless they do an open market free float.
9-13-2012 Newshound Guru Med CBI APPARENTLY HAS CUT OFF ALL COMMUNICATIONS WITH ANYONE WHO WAS INVOLVED WITH THE RV OUTSIDE OF THEM AND NOW THEY ARE SCRAMBLING WITH ?’S TO THE MEDIA ASKING WHAT IS GOING ON. BY NOT FUELING THE FIRE WITH REBUTTLE COMMENTS TO THE OUTRAGEOUS STUFF THAT CAME OUT OF THE STATE OF LAW IT CALMED THE SITUATION IN MY BOOK…
9-13-2012 Newshound Guru Mike Allawi decides…to come back to Parliament and all of sudden there is pressure…Maliki will be questioned on Saturday. Parliament has been busy – they are going to pass major laws on Thursday…basically Parliament is going to call for him to go ahead and seat these people and…he will have a situation explaining why he is not moving this economy forward. I am looking for a lot of action over the next few days and we will see what happens as Parliament gets into session – I believe that all of this is going to force him to have to seat his government which is all positive for us.
9-13-2012 Intel/Newshound Guru Poppy3 IF TALIBANI PUTS HIS FOOT DOWN AND JUST A COUPLE OF THE OTHERS DECIDE TO STAND WITH HIM, AS THEY HAVE INDICATED THEY WILL DO, THEY CAN GET ALL THINGS PENDING COMPLETED IN 48 HOURS AND THE DR CAN AND WILL PULL THE TRIGGER. IF WE SEE ERBIL IMPLIMENTED…IT TAKES 1/3RD OF MALIKI’S POWER…SO GET OUT THE DINAR AND GET IT COUNTED BECAUSE IT IS KEY TO EVERYTHING ELSE FALLING IN ALMOST IMMEDIATELY. [post 2 of 2]
9-13-2012 Intel/Newshound Guru Poppy3 I TODAY AM ANTICIPATING AN RV PRIOR TO OCT 1 BECAUSE I THINK THE MEETING TODAY BETWEEN DR SHABIBI, IMF, WORLD BANK WAS A MEETING PERTAINING TO THE INTERNATIONAL BANKING MEETING AND HOW THEY ARE GOING TO ALLOW THE DR. TO HANDLE LETTING THE ATTENDEES KNOW ABOUT THE RV AND POSSIBLE RATE AND WHEN THEIR INVESTORS WILL BE READY TO INVEST IN IRAQ. [post 1 of 2….stay tuned]
9-13-2012 Newshound Guru Adam Montana Talabani is an important part of the current Iraqi situation, so I do believe it is important that he be present for the RV announcement and resulting changes but I don’t see him as the “catalyst”. In order for this to be successful, the waters need to be fairly calm and ducks need to be in a row. From what we can all see and what many of us are hearing from contacts both local and overseas…we are extremely close! But we still need those calm waters.
9-13-2012 Newshound Guru Historian the rv will happen when it happens…will be a big shock to everyone…the people that don’t want it to happen won’t have the power to stop it…it could be any second now, but we don’t know what is in the minds of those that are driving this…we can only sit and wait.
9-13-2012 Intel Guru Blaino I’LL INTERVIEW MYSELF SINCE I KNOW ALL THE REALLY “GOOD” QUESTIONS: “BLAINO…. DON’T THEY HAVE TO BE OUT OF CHAPTER 7, PASS THE HCL, PUBLICIZE THE MINISTERS BEFORE THEY CAN RV?” THESE ARE MARKERS FOR SURE. HOWEVER, I BELIEVE THEY CAN ADVISE THE BIS AND FROM THERE CIRCULATE A NEW VALUATION FOR THE IQD AT ANY TIME BEFORE, AFTER OR DURING THE ABOVE! “BLAINO, DID YOU INTEND TO INDICATE THAT THERE WILL BE NO RV ANYTIME SOON?” NO, …WE COULD RV AT ANYTIME. “BLAINO, ARE WE STILL AT…ALERT LEVEL 5+?” YES, I SEE NO REASON TO RETRACT FROM THAT POSITION.
9-13-2012 Newshound Guru Enorrste Now, here is the clincher. Al-Zubaidi is gone and a new Minister of Finance has taken his place, appointed by NurI Al-Maliki. Does that name ring a bell? Therefore, we should not be surprised that one of Maliki’s “lackies” is now touting a totally different tune, just as Al-Anburge and others from the various ministries are doing. After all, they are only following the orders of their boss, Nuri Al-Maliki. Have no fear, folks. Shabibi is a man of principle who will accomplish his goal, regardless of the “piffle” that comes from within the GOI. He is on record that he would have loved to have the GOI join his party, but that he is also more than willing to move along without them should they elect not to participate. [post 2 of 2]
9-13-2012 Newshound Guru Enorrste Some years ago a man named Al-Zubaidi was the head of the Ministry of Finance. He and Shabibi were apparently good friends, or at least worked weil together. In 2007 Al-Zubaidi, as the Head of the Ministry of Finance, recommended to Shabibi that a plan be put in place to raise the value of the dinar to $3.33, a value that he said existed prior to the Saddam Hussein regime in the early 1980s. A month later Shabibi agreed to Al-Zubaidi’s recommendation and a 5 year plan to raise the value of the dinar was put in place. It included the removal of the large 3-zero notes as well. Later, they introduced the plan to create a new currency. This is the plan that exists today. While it has been delayed somewhat (about 1 year) it is still in effect. [post 1 of 2….stay tuned]